Valhi, Inc. (NYSE:VHI) Plans Quarterly Dividend of $0.08

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, November 19th will be given a dividend of $0.08 per share by the basic materials company on Thursday, December 17th. This represents a $0.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, November 19th.

Valhi has decreased its dividend payment by an average of 0.1% per year over the last three years. Valhi has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Down 4.8%

Shares of VHI opened at $14.47 on Friday. The business’s 50 day moving average is $15.86 and its 200 day moving average is $14.75. The company has a market capitalization of $409.93 million, a PE ratio of -8.09 and a beta of 1.11. Valhi has a 12-month low of $11.44 and a 12-month high of $19.19. The company has a current ratio of 3.37, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42.

Valhi (NYSE:VHI) last posted its quarterly earnings results on Thursday, November 5th. The basic materials company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%. The company had revenue of $589.00 million for the quarter, compared to analysts’ expectations of $605.66 million.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Valhi from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Valhi to a “buy” rating in a research report on Saturday, September 19th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Valhi has an average rating of “Sell”.

Valhi Company Profile

Valhi, Inc is a diversified holding company with interests in chemicals, component products and other industrial businesses. Its operations are conducted primarily through majority-owned subsidiaries, including Kronos Worldwide, Inc, a global producer and marketer of titanium dioxide pigments used to provide whiteness, brightness and opacity in products such as coatings, plastics, paper and inks.

Through CompX International Inc, Valhi also participates in the component-products industry.